Now, a Singapore judge has ruled that Quoine incorrectly reversed the erroneous trades without seeking B2C2’s permission, opening the door to a settlement which may yet result in a full payout.

Given that Bitcoin’ price is substantially higher than it was in April 2017, however, the two parties must first attempt to find an agreement out of court. Should that fail, the court will decide damages on their behalf.

Following the decision, Quoine’s CEO Mike Kayamori told Business Times:

“We are reviewing the judgement and considering our options, including the possibility of an appeal.”

In November 2017, Quoine raised significant funds during its initial coin offering (ICO), investors buying up 350,000 units of its QASH token, the price of which was pegged to ETH.